Research Park at FAU

What Research Park at FAU does

Research Park at FAU is a technology-based economic development organization operated by the Florida Atlantic Research and Development Authority (FARDA), a public governmental authority established under Florida state law and headquartered on the Florida Atlantic University campus in Boca Raton, Florida. Founded in 1985, the organization operates a 40+ year-old research and development campus that leases physical office and laboratory space to technology companies, startups, and established businesses seeking access to FAU's academic resources, faculty expertise, and student talent pipelines.

The organization offers two core products: the Research Park itself, providing physical R&D infrastructure to tenants across South Florida, and Global Ventures, a virtual membership program targeting international technology companies seeking US market entry via FAU affiliation without requiring physical occupancy. Revenue is generated through recurring commercial tenant leases, with pricing not publicly disclosed. The tenant base spans healthcare technology (ModMed), manufacturing (ATG Shades, DECORA), climate technology (Blue Frontier), senior care (CareGivers of America), and cybersecurity (Penti).

Capital partnerships with PEBB Enterprises and Banyan Development are driving a property transformation program, while the organization reported $610 million in total economic output and 1,505 direct and indirect jobs across Broward and Palm Beach counties in 2025. The Research Park's value proposition centers on integration with FAU's colleges of Business, Nursing, and Medicine, Florida's no-state-income-tax environment, and proximity to Brightline rail and three international airports.

Name

Research Park at FAU

Legal name

Florida Atlantic Research and Development Authority

Website

https://research-park.org

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Research Park at FAU is a public research and development authority operating a 40+ year-old technology campus on Florida Atlantic University's Boca Raton campus, leasing space to startups and established companies across healthcare, climate tech, manufacturing, and cybersecurity while providing access to FAU's academic resources.

Ownership category

akta.pro rank

Product category

Research Park Real Estate

NAICS

Scientific Research and Development Services (5417), Management Consulting Services (54161)

SIC

Services-Engineering, Accounting, Research, Management (8700), International Affairs (9721)

akta.pro primary industry

Research Administration & Grants Management Support (Pre/Post-Award, Compliance) (EDAEALAO)

akta.pro secondary industries

Research Administration & Compliance (Sponsored Programs, IRB/REB) (EDADAKAH), International Science, Technology & Space Cooperation Organizations (BPADAAAK)

Keywords

• Research park leasing
• Technology office space
• University research park
• Commercial lab rentals
• R&D facility leasing

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Commercial Tenant Leases: Research Park generates revenue through leasing office and research space to technology companies, startups, and established businesses. The park provides physical infrastructure and access to university resources in exchange for tenant occupancy.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Research Park at FAU leases office, laboratory, and R&D space to technology and life-sciences companies on the Florida Atlantic University campus in Boca Raton, Florida. It also runs the Global Ventures program, providing structured soft-landing and market-entry support to international companies entering the U.S. market through office space, mentorship, and ecosystem connections.

Product overview

Research Park at FAU operates as a technology-based economic development organization offering a physical research and development park (Research Park) and a virtual membership program (Global Ventures). The Research Park provides space and support for high-growth companies across Broward and Palm Beach counties, generating $610 million in economic output in 2025. Global Ventures extends the ecosystem virtually to technology companies seeking university affiliation and Florida market access.

Differentiator

Problem solved

Functional benefit

Brands

• Global Ventures: A program specializing in supporting growing technology companies to scale up and develop strong links to South Florida's thriving market, providing access to Florida Atlantic University resources and community.

Products and services

• Research Park at FAU (Multi-Tenant Leasing) Multi-tenant office, laboratory, and R&D space leased to technology and life-sciences companies on the Florida Atlantic University campus in Boca Raton, Florida. Tenants include companies such as ModMed, ATG Shades, Blue Frontier, DECORA, CareGivers of America, and Penti.
• Global Ventures Soft-Landing Program A soft-landing and U.S. market-entry program for international technology and innovation-driven companies, providing office space, mentorship, operational support, and introductions to the South Florida innovation ecosystem.

Quantifiable outcome

• $610 million in total economic output in 2025
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• CareGivers of AmericacoreStrategic or Co-development Partner · 1 April 2026CareGivers of America, a family-owned senior home care provider serving South Florida since 1992, joined the Research Park in early April 2026. The partnership positions the company alongside a community of high-growth healthcare companies and creates opportunities for collaboration with FAU's colleges of Business, Nursing, and Medicine to advance healthcare innovation.
• Florida Atlantic UniversitycoreStrategic or Co-development PartnerDeep university partnership providing tenant companies access to FAU's colleges of Business, Nursing, and Medicine. Enables internship pipelines, faculty collaboration, student hiring, and academic partnerships that support company growth and innovation.
• PEBB EnterprisesminorOthersReal estate developer executing an extensive capital improvements plan as part of the ventures' goal to transform the Research Park property and attract top-level tenants and operating businesses.
• Banyan DevelopmentminorOthersReal estate developer working with PEBB Enterprises on capital improvements to transform the Research Park property and attract premium tenants.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Cambridge Innovation Center (CIC): Privately operated innovation campus and coworking provider with multiple U.S. and international locations serving startups and enterprise innovation teams. Competes with research parks for early-stage and growth-stage tenants, particularly those seeking flexible, amenity-rich office space.
• Cummings Research Park: One of the largest research parks in the U.S. and the second-largest in the world, located in Huntsville, Alabama. Provides R&D and office space for hundreds of companies with strong university and federal-laboratory linkages — a larger, more established incumbent in the same university-affiliated research-park category.
• Research Triangle Park: One of the largest research parks in the United States, anchored by Duke, UNC, and NC State. Operates a similar university-adjacent R&D hub model but at significantly greater scale, larger anchor-tenant base, and more established corporate recruitment track record.

Regional players

• Science Park Graz: Austrian university-affiliated science park in Graz providing R&D infrastructure and startup incubation programs with academic partnerships. Comparable in operating model but operates in a different geographic market with distinct tenant and funding ecosystems.
• MaRS Discovery District: Large urban innovation hub in Toronto, Canada that supports science, technology, and social-impact ventures with university and hospital research linkages. Highly comparable operating model but operates in a different geography.

Direct peers

• UCF Innovation District: University of Central Florida-affiliated innovation district in Orlando that supports technology and research companies with university partnerships. Competes with Research Park at FAU within Florida for the same Sunshine-State talent and tenant base.
• Georgia Tech Technology Square: Georgia Tech-affiliated research and technology district in midtown Atlanta that integrates research labs, startup space, and corporate innovation centers alongside the university campus. Closely parallels the FAU Research Park model of university-anchored R&D infrastructure with industry tenants.
• Purdue Research Park: Purdue University-affiliated research park that hosts technology companies and startups with direct access to Purdue research and talent pipelines. Compares closely on the university-anchored R&D real estate model and tenant-acquisition approach.
• Arizona State University Research Park: ASU-affiliated research park in Tempe, AZ that leases space to technology companies and links tenants to ASU faculty, students, and research programs. Operates a near-identical public-research-university-anchored economic development model.
• University of Florida Innovation Square: University of Florida-affiliated research and innovation district in Gainesville that leases space to technology startups and established companies and connects tenants to UF research talent. Operates a near-identical university-anchored research-park model in Florida, directly competing for the same regional tenant pool.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ResearchParkFAU
• Facebookfacebook.com/ResearchParkFAU
• LinkedInlinkedin.com/company/2358563

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Research Park at FAU